China has been building a lot, and I mean a lot. But their housing market is perhaps the most broken of all, and it hasn't done wonders for affordability. Or n

China has been building a lot, and I mean a lot. But their housing market is perhaps the most broken of all, and it hasn't done wonders for affordability. Or not yet anyway; if we see the bubble pop it perhaps will, but that's far from a clean solution. The crux is how do you incentivize building a lot, and I mean a lot, without expectations of appreciating property values? And yet if you have expectations of appreciating property values, how do you prevent speculators from driving up prices and making things unaffordable?